This chemical is primarily utilized in the synthesis of specialized polymers and coatings, where its unique structure contributes to enhanced durability and resistance to environmental factors. It is also employed in the development of advanced lubricants, offering improved thermal stability and reduced friction in high-performance machinery. Additionally, it serves as a key intermediate in the production of certain pharmaceuticals, particularly those targeting metabolic disorders, due to its ability to modify biological pathways effectively. In research, it is used to study lipid metabolism and the development of novel drug delivery systems, leveraging its amphiphilic properties to improve the solubility and bioavailability of therapeutic agents.